4 replies to this topic

[traderpaul]

The S&P 500 will break below 200DMA and then a back kiss to the 200dDMA.....and you don't want to hear the rest of it (if you are a bull).....Fade me if you like.....

[eminimee]

Consider yourself faded at 671/72 oex.... ...I can come up with at least 5 Fib clusters at 671/72...has to mean something....up from there...or busted and it's way down.

[Darris]

Also fading. Teaparty's target of OEX 672 is basically already hit based on the ES futures contract. Long ES 1457.5

[thespookyone]

Well, you have no argument here that the SPX fades the 200=thats the way the market works best. You temporarily fade an important support level, invite shorts in on a "how can you lose, major support broken" premise-and thereby acquire plenty of rocket fuel for the next move up. Some things change-some things never do. There is plenty of confluence in the 671-672 area that, to Teapartys' credit-he has tried to acquaint everyone with. I believe that area will hold, and I will fade you, as well. Absolutely nothing personal here, though, as I will also be fading CNBC, BLOOMBERG, CNN, and all the others, that have "so perfectly" laid out the coming decline for everyone...hmmmmm. Spooky

[xe2dy]

Negative divergence and closing BB.

http://stockcharts.com/c-sc/sc?s=$OEX&p=M&st=1993-10-14&i=p56010808753&a=87051918&r=7391.png